Charles Carinalli Sells 5,000 Shares of Extreme Networks, Inc. (NASDAQ:EXTR) Stock

Extreme Networks, Inc. (NASDAQ:EXTR) Director Charles Carinalli sold 5,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $16.70, for a total transaction of $83,500.00. Following the sale, the director now owns 366,793 shares of the company’s stock, valued at approximately $6,125,443.10. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Charles Carinalli also recently made the following trade(s):

• On Friday, November 22nd, Charles Carinalli sold 5,000 shares of Extreme Networks stock. The shares were sold at an average price of $16.06, for a total transaction of $80,300.00.

Extreme Networks Stock Down 3.1 %

Shares of NASDAQ EXTR opened at $16.42 on Thursday. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -16.93, a price-to-earnings-growth ratio of 3.59 and a beta of 1.77. Extreme Networks, Inc. has a 52 week low of $10.49 and a 52 week high of $18.77. The firm has a 50-day moving average price of $15.38 and a 200 day moving average price of $13.97. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33.

Wall Street Analysts Forecast Growth

Several analysts have commented on EXTR shares. Craig Hallum upped their price objective on Extreme Networks from $17.00 to $22.50 and gave the company a “buy” rating in a research note on Thursday, October 31st. B. Riley increased their price target on Extreme Networks from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $16.50 price objective on shares of Extreme Networks in a research note on Thursday, August 8th. StockNews.com cut shares of Extreme Networks from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $21.00 price target on shares of Extreme Networks in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Extreme Networks has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Institutional Investors Weigh In On Extreme Networks

A number of hedge funds and other institutional investors have recently modified their holdings of EXTR. Victory Capital Management Inc. increased its stake in Extreme Networks by 318.7% in the 3rd quarter. Victory Capital Management Inc. now owns 4,466,031 shares of the technology company’s stock valued at $67,124,000 after purchasing an additional 3,399,288 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Extreme Networks by 16.9% in the first quarter. Vanguard Group Inc. now owns 15,181,169 shares of the technology company’s stock valued at $175,191,000 after buying an additional 2,191,181 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Extreme Networks during the 2nd quarter worth $25,409,000. Rubric Capital Management LP boosted its position in shares of Extreme Networks by 52.3% in the 2nd quarter. Rubric Capital Management LP now owns 5,254,744 shares of the technology company’s stock worth $70,676,000 after buying an additional 1,804,744 shares in the last quarter. Finally, Portolan Capital Management LLC grew its stake in Extreme Networks by 194.6% in the 3rd quarter. Portolan Capital Management LLC now owns 1,060,828 shares of the technology company’s stock valued at $15,944,000 after acquiring an additional 700,724 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.

Extreme Networks Company Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.